EXMO Cryptocurrency Exchange Most Updated Guide 2018

EXMO is a cryptocurrency exchange based in the UK. Initially, in 2013, the team of the trading platform was called ExMoney. The EXMO's team consists of the specialists from Spain, Russia, Thailand, and India who works together with financial advisors from the USA. UK, Lithuania, and Singapore. Around 450 thousand people use the exchange nowadays.

The crypto exchange is easy to use and is an ideal choice for the beginners. However, the experienced users won't find a margin trading function here.

At the beginning of 2018, EXMO launched its own ICO project to implement the margin trading on USD and RUB in the crypto exchange functional. But the ICO mostly reminds crowdfunding initiative than a traditional IPO.

2FA (Two-factor authentication) - a short piece of code which they send to your phone to login

Verification and recognition with your computer's IP

How to deposit and withdraw USD

Choose "0 Bitcoin" button to the left of your login

Then click "Switch to finances"

You will see the following window with a list of fiats and cryptocurrencies which you can regulate. Choose "Settings" button for this:

Choose the "Deposit" button to make a deposit USD:

The system will display the available "methods for refilling your account." However, at first, you will have to pass the verification filling the verification form:

To deposit crypto coins just click on the "Deposit" button in front of the cryptocurrency you want to deposit:

Then create the wallet address where you will send your crypto money:

The withdrawal process is similar to the deposit one. Just click on the withdrawal button in front of the cryptocurrency you want to withdraw, fill in the form and get the money on your wallet. As easy as that!

You will be able to withdraw fiats in the same way after you verify your account.

Well, trust but verify. There were complaints related to the withdrawals and deposit requests. In 2016 the crypto exchange experienced outage going off-line for three days - from July 28 to August 1. Apparently, EXMO's servers crashed and the exchange had to change them. They told their customers to change their addresses. As a result, some customers anyway sent money to the old addresses and lost them.

In December 2017 the crypto exchange was briefly shut due to the DDoS attacks. Moreover, that month the director of EXMO, Pavel Lerner was kidnapped in Kiev. Ukraine, and released for the $1 million ransom in Bitcoin.

On the other hand, EXMO has all the safety measures including ID, IP, and 2FA verification.

However, be cautious, as the cryptocurrency exchange is located in an unknown jurisdiction and is not regulated.